
handle: 10419/233301
We study games with utilitarian preferences: the sum of individual utility functions is a generalized ordinal potential for the game. It turns out that generically, any finite game with a potential, ordinal potential, or generalized ordinal potential is better reply equivalent to a game with utilitarian preferences. It follows that generically, finite games with a generalized ordinal potential are better reply equivalent to potential games. For infinite games we show that a continuous game has a continuous ordinal potential, iff there is a better reply equivalent continuous game with utilitarian preferences. For such games we show that best reply improvement paths can be used to approximate equilibria arbitrarily closely.
C72, ta511, ddc:330, potential games, best reply equivalence, utilitarian preferences, potential games, best reply equivalence, utilitarian preferences, D43, jel: jel:C72, jel: jel:D43
C72, ta511, ddc:330, potential games, best reply equivalence, utilitarian preferences, potential games, best reply equivalence, utilitarian preferences, D43, jel: jel:C72, jel: jel:D43
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